US EIA weekly oil storage +4224K vs +1300K expected

Discussion in 'Market News' started by ForexLive, Nov 12, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Weekly US oil inventory data from the Energy Information Administration: - Prior was +2847K - Gasoline inventories -2102K vs -1000K expected - Prior gasoline -3300K After the API data showed a 6.3 million build, the market was likely looking for something around 4 million barrels so this shouldn't be as big of a surprise as the headline 'looks'.

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